Business news from Ukraine

INTERNATIONAL RENEWABLE ENERGY AGENCY BACKS UKRAINE IN DEVELOPING GREEN ENERGY

Director-General of the International Renewable Energy Agency (IRENA) Francesco La Camera said at the opening of the tenth International Renewable Energy Investment Forum that IRENA is committed to support Ukraine in this sphere, the press service of the State Agency on Energy Efficiency and Energy Saving of Ukraine has reported.
“To diversify energy is quite realistic. We are ready to continue supporting Ukraine along this path,” La Camera said.
According to him, in particular, IRENA experts advised Ukraine in developing the legislative framework for auctions. As the experience of various countries of the world shows, auctions are an effective tool to reduce the cost of electricity generated by renewable facilities.
La Camera said that the world is increasing the pace of transition to “clean” energy: “Over the past seven years, we have seen an annual increase in the volume of new clean energy capacities that exceed the capacities of conventional energy. In 2018, 170 GW of new “green” energy projects were introduced in the world,” he said.
“At the same time, clean technologies are becoming cheaper. According to experts, in the future, solar power plants and wind farms will become more profitable sources of electricity than conventional energy facilities,” La Camera added.
In addition, IRENA experts analyzed the development status of renewable energy in the countries of Southeast Europe. It is reported that the region operates 127 GW of capacities that generate “clean” energy. By 2030, these figures can be increased by almost five times and reach 620 GW.
During the forum, the IRENA director-general met with Prime Minister of Ukraine Oleksiy Honcharuk. The parties discussed the investment attractiveness of renewable energy and plans for further development in the country.
La Camera recalled that “green” projects have many advantages and simultaneously address the energy, environmental, economic and social issues of communities.

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